REI Lense

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$4,010 (target)

10 Brook Forest Dr, Arden, NC 28704

3 beds • 2 baths • 2023 sqft

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This property looks like a bad Mid-Term investment with a projected -6.16% first-year return on $140k initial cash invested.

-6.16%

Cash On Cash

4.88%

Cap Rate

0.81

DSCR

$4,010

Rent

-$719

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,010 income − $4,729 expenses = $719 out of pocket

Income$4,010Out of Pocket$719Mortgage P&I$2,92473%Property Taxes$1835%Insurance$2105%HOA$501%Management$48112%CapEx$1604%Vacancy$1203%Maintenance$1604%Other$44111%

Investment Breakdown

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Purchase Price

$581k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$140k

Downpayment

20%

$116k

Closing costs

1%

$5,812

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,010

Total Expenses

$4,729

Mortgage P&I

73%

$2,924

Property Taxes

5%

$183

Home Insurance

5%

$210

HOA

1%

$50

Property Management

12%

$481

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$441

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